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The Daily Journal of the United States Government

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Legal Status

Agency

Emergency Oil and Gas Guaranteed Loan Board

The Emergency Oil and Gas Guaranteed Loan Board was established under Chapter II of the Emergency Steel Loan Guarantee and Emergency Oil and Gas Guaranteed Loan Act of 1999 (Aug. 17, 1999, 113 Stat. 252), to oversee the activities indicated in the Emergency Oil and Gas Guaranteed Loan Program established under the same act. The Program was created to provide loan guarantees to qualified oil and gas companies, as described in the act's provisions, by private banking and investment institutions.

The Board is composed of the Secretary of Commerce, the Chairman of the Board of Governors of the Federal Reserve System, and the Chairman of the Securities and Exchange Commission.

Listing ofRecently Published Documents

The Emergency Oil and Gas Guaranteed Loan Board (Board) is amending the regulations governing the Emergency Oil and Gas Guaranteed Loan Program (Program). This change is meant to give the Board flexibility in determining the type of Borrower financial statements that Lenders of guaranteed loans are required to provide to the Board.

The Emergency Oil and Gas Guaranteed Loan Board, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on the continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506...

The Emergency Oil and Gas Guaranteed Loan Board (Board) is amending the regulations governing the Emergency Oil and Gas Guaranteed Loan Program (Program). These changes are meant to conform the regulations and the guarantee agreement that will be used for the program. The intent of these changes is to eliminate potential ambiguities or...

On December 23, 1999 to Emergency Oil and Gas Guaranteed Loan Board published amendments to the Emergency Oil and Gas Guaranteed Loan Board regulations. An error in drafting one of the regulatory changes occurred. This rule corrects that error.

In accordance with the Council on Environmental Quality's regulations implementing the National Environmental Policy Act (``NEPA''), the Emergency Oil and Gas Guaranteed Loan Board (``Board'') is adopting NEPA procedures. Environmental data or documentation concerning the use of the proceeds of any loan guaranteed under this Program must be...

On August 17, 1999, President Clinton signed into law an act providing authority for guarantees of loans to qualified steel and iron ore companies and to qualified oil and gas companies. Chapter 2 of the Emergency Oil and Gas Guaranteed Loan Program Act (``Act''), established the Emergency Oil and Gas Guaranteed Loan Program (``Program'') for...

On August 17, 1999, President Clinton signed Public Law 106- 51, an act establishing two loan guarantee programs. One program guarantees loans to qualified steel and iron ore companies and the second guarantees loans to qualified oil and gas companies. The law established two Loan Guarantee Boards (Boards), each comprising the Chairman of the...